JPMorgan Chase & Co. Boosts Standard Chartered (OTCMKTS:SCBFY) Price Target to GBX 730

Standard Chartered (OTCMKTS:SCBFYGet Rating) had its price target upped by equities researchers at JPMorgan Chase & Co. from GBX 690 ($8.51) to GBX 730 ($9.00) in a research note issued on Thursday, The Fly reports.

Several other analysts also recently commented on SCBFY. Investec downgraded Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Standard Chartered from GBX 620 ($7.64) to GBX 800 ($9.86) in a research note on Tuesday, May 3rd. UBS Group lifted their price target on Standard Chartered from GBX 530 ($6.53) to GBX 580 ($7.15) in a research note on Tuesday, January 25th. Finally, Barclays lifted their price target on Standard Chartered from GBX 550 ($6.78) to GBX 590 ($7.27) in a research note on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Standard Chartered has an average rating of “Hold” and a consensus price target of $675.00.

Shares of SCBFY traded down $0.25 during trading hours on Thursday, hitting $14.75. The stock had a trading volume of 36,231 shares, compared to its average volume of 78,638. The firm has a 50 day simple moving average of $13.59 and a 200-day simple moving average of $13.31. Standard Chartered has a 1-year low of $10.88 and a 1-year high of $16.03.

About Standard Chartered (Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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